Coinbase had a net inflow of 160,000 ETH in 2 days
According to CryptoQuant data, after the approval of the Ethereum Spot ETF, Coinbase saw a net inflow of 160,930 ETH within two days.
Analysts believe that the net ETH inflow/outflow data could be a leading indicator of whether Grayscale's spot ETF (ETHE) will continue to exert selling pressure.